MAPFRE RE Partners with CyberCube to Boost Cyber Risk Management Capabilities

MAPFRE RE Partners with CyberCube to Boost Cyber Risk Management Capabilities

(IN BRIEF) MAPFRE RE has signed a three-year licensing deal with CyberCube to integrate its advanced cyber risk management tools, including a cyber accumulation solution, into its operations. This strategic partnership aims to enhance MAPFRE RE’s ability to assess and manage cyber exposures while expanding its presence in the growing cyber insurance market. Both companies are committed to innovation and high-value risk analysis, with CyberCube’s expertise complementing MAPFRE RE’s ambition to address evolving digital threats and drive industry growth.

(PRESS RELEASE) MADRID, 7-Mar-2025 — /EuropaWire/ — MAPFRE RE has entered into a strategic three-year licensing agreement with CyberCube to enhance its cyber risk management framework. This collaboration will see MAPFRE RE adopting CyberCube’s advanced suite of solutions, including its specialized cyber accumulation tool, to better assess and manage cyber exposures in an increasingly digital landscape. The partnership underscores MAPFRE RE’s commitment to investing in state-of-the-art technologies and expertise to deliver more precise and high-value risk analysis for its clients and industry partners.

The agreement comes at a time when demand for sophisticated cyber insurance products is on the rise. By integrating CyberCube’s cutting-edge tools, MAPFRE RE aims to strengthen its market position and expand its presence in various regions. The collaboration is expected to drive innovation and growth in the global cyber insurance market, as both companies share a mutual vision of delivering improved risk management solutions that meet evolving industry challenges.

Juan Marcano, Principal Alternative Risk Transfer at CyberCube, emphasized that MAPFRE RE’s decision was based on CyberCube’s extensive knowledge and proven expertise in cyber risk. He noted that the company’s comprehensive suite of solutions is well-aligned with MAPFRE RE’s objectives in accumulation management, setting the stage for a productive partnership that supports ambitious growth plans in the cyber insurance space. Meanwhile, Oscar Taboada, Head of Cyber at MAPFRE RE, expressed confidence that the new tools would significantly enhance their ability to manage cyber accumulations effectively. He added that the partnership is a critical step toward addressing the evolving threats in the digital arena while expanding the reinsurer’s footprint in new markets.

Overall, this licensing agreement marks a significant move for MAPFRE RE as it reinforces its dedication to remaining at the forefront of cyber risk management. By collaborating with CyberCube, the company is poised to tap into the increasing demand for robust cyber insurance solutions and drive innovation across the industry.

Media Contact:

Juan Francés
Head of Media Relations
juanfrances@mapfre.com
+34 638 43 11 75

SOURCE: MAPFRE